Dynamic Technology Lab Private Ltd Has $1.94 Million Position in Meta Platforms, Inc. (NASDAQ:META)

Dynamic Technology Lab Private Ltd grew its holdings in Meta Platforms, Inc. (NASDAQ:META) by 347.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,310 shares of the social networking company’s stock after purchasing an additional 2,571 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Meta Platforms were worth $1,938,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted its position in Meta Platforms by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 191,198,005 shares of the social networking company’s stock worth $111,948,344,000 after acquiring an additional 1,502,553 shares during the period. Geode Capital Management LLC grew its position in Meta Platforms by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 49,181,127 shares of the social networking company’s stock valued at $28,719,970,000 after purchasing an additional 1,020,519 shares in the last quarter. Norges Bank acquired a new position in Meta Platforms in the 4th quarter valued at approximately $19,949,512,000. Charles Schwab Investment Management Inc. lifted its position in Meta Platforms by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 14,251,766 shares of the social networking company’s stock worth $8,344,552,000 after buying an additional 424,201 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Meta Platforms by 27.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 8,901,521 shares of the social networking company’s stock valued at $5,211,967,000 after buying an additional 1,892,509 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Activity

In other news, CFO Susan J. Li sold 8,553 shares of the firm’s stock in a transaction on Saturday, February 15th. The stock was sold at an average price of $736.67, for a total value of $6,300,738.51. Following the completion of the sale, the chief financial officer now directly owns 51,793 shares in the company, valued at approximately $38,154,349.31. This trade represents a 14.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Javier Olivan sold 4,706 shares of the company’s stock in a transaction dated Saturday, February 15th. The stock was sold at an average price of $736.67, for a total transaction of $3,466,769.02. Following the transaction, the chief operating officer now owns 20,935 shares in the company, valued at approximately $15,422,186.45. This trade represents a 18.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 549,113 shares of company stock worth $364,668,246. Insiders own 13.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on META shares. Wedbush reaffirmed an “outperform” rating and issued a $770.00 price target (up from $700.00) on shares of Meta Platforms in a research note on Thursday, January 30th. Argus set a $775.00 target price on Meta Platforms in a research report on Tuesday, February 4th. Arete Research upgraded Meta Platforms to a “hold” rating in a report on Friday, January 24th. Barclays increased their price objective on Meta Platforms from $630.00 to $705.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Finally, KeyCorp reduced their target price on shares of Meta Platforms from $750.00 to $710.00 and set an “overweight” rating for the company in a research note on Tuesday, March 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $718.55.

Meta Platforms Stock Performance

Shares of NASDAQ:META opened at $504.73 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. The business’s fifty day moving average price is $648.15 and its two-hundred day moving average price is $609.75. Meta Platforms, Inc. has a fifty-two week low of $414.50 and a fifty-two week high of $740.91. The stock has a market capitalization of $1.28 trillion, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 1.42 and a beta of 1.28.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, topping the consensus estimate of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. During the same period last year, the business posted $5.33 EPS. As a group, analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were issued a dividend of $0.525 per share. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.10 annualized dividend and a dividend yield of 0.42%. Meta Platforms’s dividend payout ratio (DPR) is presently 8.78%.

Meta Platforms Company Profile

Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.